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spending control. it's by creating jobs, growing the economy, and expanding the tax base. >> president obama will continue to take his message on the road next week with a stop at a virginia ship building operation. virginia with the massive spending would be hit by the cuts. >> molly, good to see you, kelly? >> jamie, as washington braces for billions in budget cuts, oklahoma senator tom coburn is calling on president obama to stop a 100 city campaign style tour, and angela mcglowan is a fox news political analyst, mark hanna, an adjunct professor at media of new schools and former aide, mark and angela, thank you for joining us, as you both know, senator tom coburn of oklahoma sent a letter to the white house, in it, if washington is truly cutting spending on missions many consider vital, how can we at the same time promise and promote more financial adistance, much less afford this mammoth, 100 city cross country tour, wrote coburn, and while he talked about that, while it's well intentioned, he's urging the president to cancel this tour. mark, what do you think about that? >> kelly
raise taxes, you are going to cut that -- those people who are bringing prosperity to the economy. >> is this short -- >> it will ultimately work out if the economy can get by with the back to normal payroll tax. this could juice it back around. there's no perfect plan the government can do, but it's possible this payroll tax cut could be lowered in the recession and raisedded in boom times to make up for the cut. wwn time. >> we did. happy friday, everyone. adam: i'm in for melanee stubbs. -- melissa francis. both sides red gi to let it happen, all hope is not lost. david walker, former u.s. comptroller says there's a possible fix, and he joins us to explain his plan. plus, prepare yourself for a meat shortage. forget soaring prices, the cuts could bring the beef industry to a halt. steak lovers get used to eating tofu. an expert is here to tell us why. close up for the oscars, but commercials, as you and i know them, could take a final bow. a breakthrough in the industry allows advertisers to control what you see in realtime. we could watch the same oscars, but very different co
leader but brazil is one of the most important emerging economies for the whole global economy it's one of as we call them the bricks the emerging economies that has the chance to structure how the economy is going to look going forward. when you think about the countries but obviously the united states when you think about the countries along the pacific rim of latin america they make connect more to the economy of asia. i was always struck when i would go to something called the summit of the americas which is about latin america and the caribbean and we would have these discussions and travis would take off and everybody would sort of what ever. but then almost a week or two weeks later we would go to the asia pacific economic council. there it is the pacific rim countries of chellie and the pacific rim all the way to canada and all the way out through japan and china and korea and the conversation was completely different. was about global trade and freeing trade. and i actually always thought that in that sense the country had more in common with their asian counterparts than their
that just for day-to-day living seems to me this is a bad sign. >> sure. it's a sign that the economy is still weak and that any policies that take money out of the hands of the middle class and that lee deuce their disposable income is going to have a negative impact on the economy, and it comes as an opportune time for policymakers in washington as they contemplate the sequester cuts which currently constituted hits the middle class hard, further weakens the economy. it's the wrong thing to do right now. what we should do is alternate ways. adam: alternate, i got to ask you, it's a perfect storm of bad news. about to cut, the sequester cuts in government spending, people lose jobs, less money out there. they can't cut taxes again or can they and should they? >> what we need to do right now is think about alternatives to the sequester cuts and the solution, i think, is for republicans in congress to recognize that tax breaks and other spending programs in the tax code are the equivalent of government spending program, and if they encyst on cutting government and reducing the size of
, not bigger. >>> a growing economy that creates good middle class jobs, that must be the north star that guides our efforts. it is our generation's task then to reignite the true engine of american economic growth, a rising thriving middle class. >> president obama delivered his fourth state of the union address tuesday. in attendance were senate and house members, six of the nine justices of the supreme court, the joint chiefs of staff, members of this cabinet and assorted dignitaries. over the course of one hour, the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly o
the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly on the phony issue of automatic government budget cuts known as sequestration. >> question. when former president clinton took the helm during an economic downturn, he said he had a quote laser-like focus on the economy. how would you describe the focus of president obama's state of the union pat buchanan? >> he did pivot back toward the jobs and the economy but overall this was a very libbal brail speech, something we have all heard before nothing new in it and a dead on aarrival speech. he is not going to get the m
with iran to discuss its nuclear program and iran's economy has been severely damaged by international sanctions the past several months, but iran remains defiant and israel and other middle eastern countries continue to push for a military strike on iran's nuclear facilities, but kelly, many western and military analysts say a military strike would probably not be completely effective and cut back iran's nuclear am billingses by a few years, kelly. >> connor powell, by the way, how does the world need to react to iran's mixed messages, the former ambassador to the united nations john bolton joins us to weigh in. >> the family of olympic athlete oscar pistorius is speaking out. he's charged with premeditated murder in the shooting death of his girlfriend reeva steenkamp. speaking to reporters today his uncle says that pistorius is numb with shock and grief. >> as you can imagine our entire family is devastated. we are in a state of total shock. reeva, who have got to know well and cared for deeply. after consulting with our legal representatives, we deeply regret the allegations of pre
the sequestered because it is a wholly unnecessary will run the economy if it were to take place. >> except there were others in the president's party like former democratic national committee chairman howard dean suggesting the president should let the sequester happen to slice the pentagon's budget. telling the huffington post, i am in favor of the sequestered. it is tough on things that i care about a lot, but the fact of the matter is, you are not going to get another chance to cut the defense budget in the way that it needs to be cut. white house officials disagree. as does the outgoing defense secretary leon panetta warned such deep cuts could leave america with as second-rate military. lou: you will remember republicans were furious before the election and the white house was not complying with the warrant act which is a law that basically says employers need to warn employees about upcoming furloughs. the white house pushed back on all of that. now they are releasing those for loan notices. remember, people the 30-60 days in some cases on notices, which means these furloughs will ta
economy on an irreversible, downward path. we will hear about the past consequences of the impending cuts. i do not doubt that they will be painful to bear. if there is a way to mitigate the pain,i'm open to discussion. i believe it is important to emphasize that the sequester of whatever temporary solution we have made is just a precursor to the main event. thank you. >> thank you, senator shelby. we will go to the panel. i am going to explain how this is going to work. we would have begin with omb and wrap up with national security. in the interest of time and efficacy, we will have one panel and be able to ask questions where we can get cross communication going. we will start with you and then secretary donovan and secretary napolitano. we will go to questions and alternating on both sides of the aisle. right off with senator shelby and myself. you are representing omb. their obligations with the presidential responsibility. go ahead and give us the details of omb. i will not introduce everyone. we will keep it going. >> thank you. members of the committee, good morning. i'm here to d
state of the union address, our top priority should be doing everything we can to grow the economy and create good jobs. that is our top priority and it drives every decision we make and it has to drive the decisions that congress and everybody in washington makes over the next several years. that is why it is so troubling that 10 days from now congress might allow a series of automatic, severe budget cuts to take place that will do the exact opposite. it will not help the economy. it will not create jobs. it will visit hardship on a lot of people. here is what is at stake. over the last few years, both parties have worked together to reduce our deficit i more than $2.5 trillion. more than two thirds of that was through some really tough spending cuts. the rest of it was through raising taxes, tax rates on the wealthiest 1% of americans. together, when you take the spending cuts and increased tax rates on the top 1%, it puts us halfway to the goal of four dollars trillion -- $4 trillion in deficit reduction. thomas say we needed to stabilize finances. -- economists say we need it.
and the kind of investments we expect for the economy to grow from the middle out. so our hope is that this does not happen, that we choose-- rather than make this an ideological fight as it appears to be right now among some on the republican caucus, we just do a balanced approach to fix this problem. >> schieffer: i agree with all that b but when you have the speaker of the house saying i can't work with the president any more. every time i work with him i get bermuda. when he says he won't take on the liberals in his own party on reforming the social programs, and then you see the president he's not talking to anybody. he's out making speeches around the country. >> oh, i think that the president is-- he laid out in very complete detail-- >> schieffer: but what is he doing? what are the two sides doing to keep this from happening? >> you saw what he did on tuesday night during the state of the union when he laid out in detail on what he is prepared to do as it relates to fixing this problem. over the last several months we got agreement on $2.5 trillion in deficit reduction
that depend on them, or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthiest americans and biggest corporations? that's the choice. are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? are you willing to have teachers laid off or kids not have access to head start? or deeper cuts in student loan programs? just because you want to protect the special tax interest loophole that the vast majority of americans don't benefit from. that's the choice. that's the question. and this is not an abstraction. there are people whose livelihoods are at stake. there are communities that will be impacted in a negative way. i know that sometimes all this squabbling in washington seems very abstract. and in the abstract, people like the idea, you know, there must be some spending we can cut. there must be some waste out there. there absolutely is, but this isn't the right way to do it. so my door is open. i put cuts an
are here to stay. we understand that. we have to play a role, because the status of our economy and our fiscal capacity is a key piece of our strength and a nation, and we understand that. but our domestic fiscal constraints do not diminish budding threats overseas. many of the challenges we face are in headlines at every day, whether the aggressiveness of north korea and iran, the proliferation of weapons of mass destruction, continued turmoil across the middle east and north africa, or with a growing threat of cyber attacks. as a joint force and an army, we must make decisions based on the context of the security environment and the historical experience, not false assumptions about the future. last year the department of defense to build a collaborative process to publish a 2012 defense strategy. the strategy calls for on the department to invest in the capabilities critical for future success cannot resist the temptation to sacrifice readiness to retain force structure, rebuilt readiness in areas that would be emphasized over the past decade. a fundamental role in 10 of 11 identifie
economy is not looking good in the medium term but the government says it will stick to its program of spending cuts. >> i think this is a stark reminder of the debt problems that britain faces and the clearest possible warning to anyone who thinks we can run away from dealing with those problems. and far from weakening our resolve to deal with britain's debt it should redouble our resolve to deliver a plan that has cut the deficit by 25, delivered 1 million jobs but also of course delivered record low interest rates to many families. >> the economy is playing a central role in italy's election campaign. the main candidates have held their final rallies ahead of voteding on sunday. bers coni is making one more bid to be prime minister but the front runner is from the center left democratic party. the french foreign ministry says drug tainted horse meat may have entered the food chain. the drug used as a painkiller in horses can cause serious illness in people. a scannedle revealed some beef products contained horse meat. the vatican has dismissed recent italian media reports suggest
be with regard to the economy and not both sides being able to go back to constituencies and say truthfully here's where i stood and it happened nevertheless. it benefits the republicans because their mantra is one of we are not going along with spending cuts without tax increases and we can't have tax increases on top of the 600 billion we went along with. the president made a pitch to independence by saying the word compromise. i'm for doing this in a manner that compromises. i think it's going to happen a week from friday without a vote and that is also to the benefit of the members because they won't be held accountable for it. >> is this the new normal that we came to expect? >> yes. >> how washington works and is it how our founding fathers designed our system to work? isn't there a catch 22 here as we beat congress over this and isn't this the way we were designed to work? >> i can't go that far back in history, but in modern times and the time i have been paying attention which is three decades, i don't think the polarization has been anything like it is today. this entire situation is r
, ignores an economy that is struggling, remember, it contracted in the last quarter, and it's projected to contract some more in the first and second quarter, ignored 23 million people who are out of work, ignored the fact that unemployment rates are going to go up. ignored 86 trillion dollars in unfunded liabilities. i'm embarrassed about that because the people in office that could do something about it are not doing anything about it. >> herman cain. >> and don't attack rush limbaugh-- >> herman cain you're a successful businessman and you've just made a bottom line argument that i love. if you look back at the last quarter of last year, what do you see? the defense department pulled spending and what happens? the gdp, the economy slows down. now we're approaching a sequester and pull money helter skelter from every skek tore, what do you think it's going to do to our economy. >> juan, you're wrong. >> it's going to hurt america. >> juan, you're dead wrong. those weren't the factors that caused the economy to contract. >> that's what the economy said, herman. >> those are the wrong e
the sequester is not higher taxes or just better spending control. it's by creating jobs, growing the economy and expanding the tax base. >> president obama will be taking his message on the road next week to a virginia shipbuilding operation. virginia, with its massive defense industry, would be hit hard by the spending cuts. arthel. >> molly henneberg live from washington. thanks. >> as the u.s. faces its own economic problem, britain's economy is facing a serious new setback. moody's, the credit rating agency, announced the first ever downgrade of the u.k.'s pristine credit rating by a notch, blaming weak growth and political turmoil for throwing its deficit reduction plan off course. david ram con says he has full confidence in his finance minister, george osborne, despite criticism that their debt strategy is failing to deliver, britain now joining the u.s. and france in having lost its triple a rating from at least one major agency. >>> serious new concerns out of iran asment country's powerful revolutionary guard begins new military exercises, at the same time iranian scientists announ
now, a tremor will hit the american economy that is both unwelcome and unnecessary. it is an across-the-board cut in spending that, according to some estimates, will cost us 750,000 american jobs. as we will hear today, there are some estimates that that is too conservative. if one takes into account the ripple effects of the tremor, it may cost us many more jobs than that, but even by the most conservative estimates, 750,000 americans who worked in contract in firms, research companies, universities, hospitals, child care centers, schools, businesses small and large around the country, and who work for the government itself, will find themselves and their country at risk. this does not need to happen. led by my friend and colleague from whom we will hear in a little while about the specifics, we put forward a constructive, common-since alternative to avoid these 750,000 layoffs. the alternative, frankly, involves closing tax loopholes that the wealthiest among us can exploit and take advantage of, and stopping mindless subsidies to huge oil companies and agribusinesses. it makes se
change that perception. let's focus on a reality. by reality i mean economy of our political system. this election has its own economy. the economy as two components. one is an economy of stop, and the other is the economy of extortion. the economy of stop drives us to understand to point to the instability in our government. any system where the tiniest slice of the public dominates in the funding produces a system where a tiny number of americans can effectively block any change. it will always be that or at least almost always be that in the context where some much dependence exists on such a tiny number of participants. it is just a couple thousands who have to band together with these contributions to effectively make it possible that in our structure of separated powers you can block any change. this is an economy that depends on polarization. people point to polarization as the cause. it is an effect. it depends on the dysfunction, because the more dysfunctional the institution is, the easier it is to sell this opportunity to block. this function is the business model, which
that affected agriculture this year. despite the drought, i think the aggie economy -- ag economy is very strong. far income, near record highs. a record high for 2012, and four 2000 13, projected cash income close to record highs. -- and for 2013, projected cash income close to record highs. low debt to asset ratio. assets at record highs. however, i think the aggregate measures belies some sharp differences between sect hers. -- sectors. despite the adverse weather, producers have fared well, with high prices and record crop insurance indemnity's, which helped offset the losses we saw this year. if you are in uninsured or underinsured former, -- farmer, crop losses are hitting those producers a little more than those who have insurance. and if you are a livestock, dairy, and poultry producer, this is the third year since 2007 when we have seen record high prices, with the effects that has on higher feed costs, tight margins. and we have seen, particularly on the capital side, some liquidation. -- the cattle side, some liquidation. 2013, we were expecting a rebound in yields. we should
which have hurt the iranian economy, but not the nuclear ambition. this comes as tehran has announced it's discovered a new large uranium deposit that would help the nuclear program. if it is true and tough to prove or to believe exactly what tehran says, it would triple the size of iran's known nuclear uranium deposits. diplomats are trying to work on controlling their nuclear program. they are supposed to meet with iranian leaders, diplomats from the united states, france and germany but no one has optimism that anything is going to change between tehran and the rest of the world because neither side is offering anything new. >> heather: thank you coner. >> kelly: three weekends in a row now. northeast is getting slammed with wintery weather. forecasters predicting a foot of snow in some areas. maria molina is live in the weather center, and punxsutawney phil said we would only have six weeks left but it's coming with a fury. >> he is only right about 30% of the time but we want to talk about the winter storm. you mentioned about a foot of snow possible especially in southern new engla
, but the most immediate priority i think is the economy. they're still struggling to keep a job or find a job. i think that is his top priority far and away, but he'll have to pursue other things at the same time. the good news is that is happening and i think it's happening successfully. we see is the congress coming together on immigration like it never has in my memory. we also see great progress i think on the gun issue with mushrooming of support for universal background checks. the good news is we'll be able to tackle many issues at the same time, but the president does have to prioritize the economy and that's what he's been doing. >> joe biden has been his point man. he'll be in connecticut today, pushing some gun legislation, but realistically, looking at the way congress has been and the dearth of pleasurements they've had in any significant way, do you really think that they can deal with with the sequester and gun control legislation passed as well at the same time? >> well, it's a heavy challenge. just the sequester, frankly, is the biggest because the gop is not of one mind but i t
attention. >> that's what the economy said, herman. >> those that are wrong economists. >> please be reasonable. >> it makes me ashamed. >> vent your anger but be alone when you do it. ♪ have you heard about the new dance criaze ♪ li . >> it is seven days to austerity, to a potential economic apock lips when $85 billion will be slashed from the federal government and eventually it will affect all of us from the food we eat to the flights we take to the nation's national security. all of it could come apart unless republicans find a way to compromise on sequestration. it's a message the president reiterated this afternoon while meeting with japan's prime minister. >> this should be a no-brainer, and let me just point out that the overall impact to the economy will be to slow down the recovery. >> the comments came after transportation secretary ray lahood visited the white house briefing room this morning and explained in no uncertain terms how these cuts will affect the average american. he detailed not only the delays that travelers within the united states can expect, but al
that depend on it, or would they rather put hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loophole that is benefit only the wealthiest americans and biggest corporations? that's the choice. >> is there another way with only days to go before the automatic spending cuts kick in? re-enter the bipartisan budget cutters, the duo of simpson and bowles. >> there's no sfri in the country that makes cuts across the board. you try to cut those things that have the least adverse effect on productivity. second, we are cutting those areas where we actually need to invest education, infrastructure, research, and, third, they don't make any cuts in those things that are going faster than the economy. that's stupid, stupid, stupid. >> with us, former white house press secretary and a new msnbc contributor robert gibbs. cyber wars. china's army now targeting u.s. pipelines and nuclear plants. with us to discuss, the authors of a new report tracing the attacks to military headquarters in shanghai. plus, play of the day. while the press corps was banned
says the eurozone economy will contract for the second straight year in 2013. the commission says it expects gross domestic product to shrink 0.3% in the 17-nation eurozone from last year that compares with the previous forecast of 0.1% growth. tight lending conditions, job cuts, and sluggish investment are dragging the recovery. but it's projecting 1.4% growth for 2014. the commission says leading indicators suggest that the region's economy is bottoming out and economic activity is expected to gradually pick up. >>> it may look like a wrist watch, but it's a computer. i.t. giant apple has filed a patent application for a computer that people can wear like a watch. the u.s. patent and trademark office disclosed the patent filing on thursday. the computer has a flexible touch panel display, censors inside detect a change in the state of substrates and automatically adjust the user interface to a new position. the computer wirelessly connects with other portable devices like smartphones. there are rumors that apple is developing a wearable computer. google has also been developing
,000. >>> the european commission says the euro zone economy will contract for the second straight year in 2013. the commission says it expects gross domestic product to shrink 0.3% in the 17-nation euro zone from last year. that compares with the previous forecast of 0.1% growth. the commission said tight lending conditions, job cuts and sluggish investment are dragging the recovery. but it's projecting 1.4% growth for 2014. the commission says leading indicators suggest that the regi region's economy is bottoming out. and economic activity is expected to gradually pick up. >>> it may look like a wristwatch, but it's a computer. technology giant apple has filed a patent application for a computer that people can wear like a watch. the u.s. patent and trademark office disclosed apple's patent filing on thursday. the computer has a flexible touch panel display. sensors inside detect a change in the state of sub straights and automatically adjusts to user interface to a new position. the computer wirelessly connects to other devices like smart phones. media reports last week that apple is develop
taking his plans for the economy gun control and education straight to the public. most recently speaking to americans in north carolina, georgia and illinois. he is raising questions whether the president is maybe reaching out to the public instead of congress. john fund is a columnist and co-author of the book "who is counting?" i'll ask you right away is his public campaign a cop out? why not engage congress? >> i think the president is following in the footsteps of predecessors who said i need to convince the public to put the heat on congress to pass my program. it's a long time honored tradition and he is trying to rally support. >> heather: he wants to raise the minimum wage, expand pre-schools. campaign first, negotiate second. as you mentioned it's a strategy we've seen before and one that this white house and specifically has done before. they believe it worked for them when it came to extending the payroll tax cut in 2011. so, is the public sales pitch the way to go this time with these specific issues? >> i question that because, remember, the president went out on the road to
a transition to -- there are major economies going in the direction of low carbon. we are pushing the us to go in that direction. there is opportunity for canada to diversify its economy and become low carbon. and europe, they're looking at a directive. there is an opportunity i think to view the developments. is this a momentous change that we are looking at to start driving this? what does that mean for that relationship? i think the economic growth and the job opportunities are much bigger and greater than where we would find the fossil fuels sector. >> rupert murdoch, the guy who owns fox news and the wall street journal, he tweeted against of a keystone and said that we do not need. we have cleaner, natural gas from fracking. what is the implication of this domestic boom? what crowd out the need for energy from canada? what does it mean that the u.s. is talking about being energy independent? >> it was separated into two areas. natural gas and homes. we are looking at surpluses. to say whether it will crowd canadian gas out of the u.s. market, i think you will see u.s. gas finding its way
trillion dollar economy? >> well, if you look at it over all. we need to get on the trajectory to reduce smending it is how the cuts are put in place and especially in the without giving the military leaders ability to and without affecting our strategy. that is what we are in favor. and we reduce spending in the federal government and not just in this manner. they are placed on 20 percent of the budget . 50 percent of the cuts is 20 percent of the spending. there is other way to address spending including the mandatory spending programs. if we don't address social security and medicare, we'll not get our arms around the deficits. >> no, indeed . there is it a lot of talk that that has to happen. this comes back to a year ago when sequestitration employees a bad idea and not supposed to happen. talk about the finger pointing and the blame game. the president said the sequester idea came from congress and evidence showed that the president himself came up with want idea. >> we'll know that the president had that one of the conditions on the budget control act. since that time, i was speak
are employed, cut out 4% of the federal budget, that's going to have a big effect on the economy. >> the transportation secretary ray lahood spoke at the white house briefing today. all of you listen to this. >> there has to be some impact in order to save $1 billion. $1 billion is a lot of money. >> let's be clear, it's less than 2% of your budget -- >> it's a lot of money, jonathan. where i come from, which is central illinois, $1 billion is a lot of money. >> all right, john, jump in here. this is the tricky part, i think. $1 billion is a lot of money and i think daniel had a good point there. on the other hand, there are all sorts of businesses, all sorts of families, all sorts of states that have had to suck up bigger cuts and they haven't screamed that everything is falling apart at the hinges. is there political opportunism here? >> there's definitely political theater but this whole plan was supposed to be so stupid that it would compel the two parties to come together. the grant bargain but the parties can't seem to come together. what you're hearing is the washington mo
any cuts in those things that are going faster than the economy. that's stupid, stupid, stupid. >> with us, former white house press secretary and a new msnbc contributor robert gibbs. cyber wars. china's army now targeting u.s. pipelines and nuclear plants. with us to discuss, the authors of a new report tracing the attacks to military headquarters in shanghai. plus, play of the day. while the press corps was banned from the president's golf outing, tiger woods, david letterman fills in the missing links. >> this is our president playing golf this weekend. huh? >> that's one way to do it. good day. andrea mitchell live in washington where president obama is surrounded by uniform police and is now issuing dire warnings about the consequences if automatic budget cuts, the sequester, will create job losses and a setback to the recovery if that goes into effect next week. in response senate republican leader mitch mcconnell still prefers campaign events to -- joining me now for our daily fix, chris calizza and managing editor of post politics.com. well, chris, we saw the performan
need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>. >> kelly: extreme weather alert. bay state can't catch a break, howling wind and blowing snow battering the massachusetts coast and much of the area is digging out from the massive blizzard there, parts of the cape could see up to a foot of snow. meteorologist maria molina has more details or horrible details for people living there. >> depends how you look at it. we unfortunately are getting much more snow in the northeast especially across portions of new england. state of maine under a blizzard warning, eastern portions of that state you are looking at very from four to six inches of snowfall accumulation and impacting that area right now but also strong winds, gusting up to 50 mile-per-ho
hundreds of thousands of jobs and our entire economy at risk just to protect a few special interest tax loopholes that benefit only the wealthist americans and biggest corporations. that's the choice. are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? are you willing to have teachers laid off, or kids not have access to head start? or deeper cuts in student loan programs? just because you want to protect a special tax interest loophole that the vast majority of americans don't benefit from. that's the choice, that is the question. and this is not an abstraction. there are people whose livelihoods are at stake, there are communities that are going to be impacted in a negative way, and i know that sometimes all this squabbling in washington seems very abstract, and in the abstract people like the idea, you know, there must be some spending we can cut, there must s out there. there absolutely is, but this isn't the right way to do it. so my door is open. i put tough cuts and reforms on the table. i'm willing to
the sequester could really have on the economy if no deal is reached before the deadline. chief congressional correspondent mike emanuel is live in washington with this. mike, what is the practical impact the real impact that many of us would feel from se sequestration? >> the automatic cuts are half domestic, after defense. he tkpepding on your interaction with the government, if you work or do business with the government you may be affected more. today the agriculture secretary raised the impact on the food on our tables. >> the only way we can absorb a cut of this magnitude is by impacting the people who work in the food safety area of usda, and we all know that when we do that it doesn't just impact those workers, it impacts all the processing facilities and plants and proceed tucks facilities across the country. >> reporter: the suggestion being that could lead to restaurants and supermarkets struggling to stay stocked with properly inspected food, jenna. jenna: that certainly hits home. we've hoard from republicans and democrats how drastic of an impact this might be in a whole slew of
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